If receiving income via individual employment and via directorship of a PTY Ltd, can a net capital gain (from assets sold within a separate trust, allocated to the same taxpayer) be applied to either income stream, and if not how is this allocation determined in this instance?
Hi @pseigne
I'm having trouble understanding your question but I think it sounds like you're asking if an individual can choose where to report a capital gain? is that right? If an individual receives income from employment as well as payments as a director. These are reported in the same tax return. If they make a capital gain this is also added to their tax return.
Hi @pseigne
I'm having trouble understanding your question but I think it sounds like you're asking if an individual can choose where to report a capital gain? is that right? If an individual receives income from employment as well as payments as a director. These are reported in the same tax return. If they make a capital gain this is also added to their tax return.
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